CIFR vs COIN: Correlation
Cipher Digital Inc. (CIFR) and Coinbase (COIN) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and COIN?
On 3 years of weekly data the CIFR/COIN correlation comes out at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.52 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 4802.0 %².
Among the 18 assets we track against CIFR, COIN ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CIFR outperformed by 178.2 percentage points (+139.9% for CIFR against -38.3% for COIN).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CIFR vs COIN: side by side
| CIFR (Cipher Digital Inc.) | COIN (Coinbase) | |
|---|---|---|
| 1-year return | +139.9% | -38.3% |
| 5-year return | +63.3% | -27.4% |
| Volatility (ann.) | 114.3% | 80.0% |
| Beta vs S&P 500 | 2.86 | 2.66 |
| Max drawdown (3Y) | -71.7% | -66.4% |
| Market cap | $7.0B | $50.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CIFR | COIN |
|---|---|---|
| 2022 | -87.9% | -86.0% |
| 2023 | +637.5% | +391.4% |
| 2024 | +12.3% | +42.8% |
| 2025 | +218.1% | -8.9% |
| 2026 | +13.6% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and COIN good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CIFR and COIN?
The CIFR/COIN correlation stands at 0.52 on a 3-year window (1 year: 0.29, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is COIN a good diversifier for CIFR?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cifr-vs-coin.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cifr-vs-coin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIFR correlations · COIN correlations
